Many micro stakes players are among the most consistent and biggest winners in the online poker world today. It is very hard to compete with players who have hundreds of thousands, if not millions of hands worth of experience. Think about how many hands you get in per hour when playing one table, online or live. I've just started out playing micro stakes online to get my feet wet in the game. I consider myself a recreational player with no plans to go pro. I just enjoy the game so far and I'd like to get better at it. A couple nights ago I started playing micro stakes.02/.04 on Global Poker. So far I'm slowly but steadily losing my roll, which I expected. The micro stakes and the small stakes might seem distinctive, but the truth is that they are one of, if not the most immense jumps in online poker. Next to going from mid stakes to high stakes games, this is the biggest transition that almost any player will face. At 100NL (.50/1) is upon where the micro stakes end and the small stakes begin.
Every cash game poker player strives to move up from micro-stakes to small stakes beyond. I have been playing for over 12 years and can shed some on the various stake levels as well as what it takes to beat them.
What is considered small, mid, and high stakes poker?
There are actually five different stake levels in online cash game poker:
- Micro-stakes – 2NL, 5NL, 10NL, 25NL
- Small-Stakes – 50NL, 100NL
- Mid-Stakes – 200NL, 400NL, 600NL
- High-Stakes – 1000NL, 2000NL, 5000NL, 10000NL
- Nosebleeds – 20000NL and up
Now that you know what the stakes are, let's discuss each level in turn and find out what it takes to move up.
The Key Differences Between Cash Game Poker Stakes
The nature of each cash game stake will vary from poker room to poker room. However, in my experience, there are some fundamental commonalities of what can be expected at each level as you move up through the stakes.
1. Micro-Stakes Cash Game Poker
Micro-stakes poker ranges from lowly $0.01/$0.02 up to $0.10/$.25. This is usually either a place for recreational players to splash around or a proving ground for ambitious players who want to move up as soon as possible.
The games are typically characterized by looseness pre-flop with lots of limping and passive post-flop play. It is not unusual for there to be multiple players still in the pot when the river is reached.
Tips on Beating the Micros
It does not take a ton of skill to win at the micro-stakes. In fact, the winners are usually just the ones who are making the least mistakes. Here are a few tips:
- Play a lot of hands in position and very few out of position in order to capitalize on the fit-or-fold nature of many micro-stakes players. Acting last also gives you the ability to realize equity with a lot of your marginal hands
- Include holdings that can make the nuts or dominate your opponent when you build your pre-flop hand ranges. Making flush over flush or out-kicking your opponents is where a lot of the big pots are won at the micros.
- Throw out the call button and instead focus more on value betting and bet-folding your medium strength hands. Continuing with marginal top pairs by check-calling is a recipe for disaster against loose-passive opponents.
How much can a good micro-stakes player expect to win per month?
How much can be made at the micros is really irrelevant. You should not be looking to play at penny stakes more than just a few weeks or months while you learn the game.
Even so, there are quite a lot of players who are full-time regs at either 10NL or 25NL. Even with mass-tabling and uber rewards, it's hard to make more than $8 an hour doing this.
My advice is that if you don't have aspirations to be a poker 'star' and are okay just making a few hundred every month playing poker, then work hard on your game and learn to beat at least 50NL.
50NL players are not that much tougher to beat than 25NL regs, so you owe it to yourself to study hard enough to at least break into the lowest level of small stakes.
2. Small-Stakes Cash Game Poker
Small stakes games include just two stakes, $0.25/$0.50 and $0.50/$1.00. This is where you first start seeing a large number of full-time or part-time pros eeking out a marginal living in poker. It's not uncommon to find players who have been 50NL or 100NL players for several years.
The quality of small-stakes games can vary widely from poker site to poker site. For example, on America's Cardroom small stakes are very difficult to beat except for even the most dedicated players. The level of play that was once only common at 200NL or 400NL is now seen on numerous tables daily on ACR.
On the other hand, softer sites like Ignition poker have soft enough small stakes games that even newer players have a chance of winning. I would say that 100NL on Ignition is comparable to 25NL on ACR. There are more rewards on the latter, which does narrow the gap a bit. Even so, it's always much better to play the higher stake then rely on being a 'rakeback pro.'
Tips on Beating Small Stakes
To beat small stakes, you need to have more than just a basic 'tight is right' strategy. You have to also have at least a rudimentary understanding of some advanced topics that include:
- Equity and SPR and how those concepts are implemented in order to maximize profit versus a wide variety of opponents.
- Game selection and profiling opponents.
- The ability to use a HUD effectively, if applicable, in order to glean the information necessary to interpret the tendencies of opponents.
Beyond these factors, you will need to be able to think on level two and have an elementary understanding of gameflow and table dynamics. Small stakes is all about playing exploitative poker.
How much can a good small-stakes player expect to win per month?
High volume small-stakes player with a reasonably high win-rate of 4bb/100 or high can expect to make anywhere from $15 to $25 an hour. It would not be unheard of to make between $2,500 and $5,000 a month, once rewards are figured in. Even part-time winners at 50NL can expect to make around $1,000 per month.
There actually are well-documented cases of 100NL professionals making over $10,000 a month after rakeback and rewards. This is mainly associated with Pokerstars in the 'old' days and on the Winning Poker Network now, with the Beast promotion. This is more the exception than the rule though.
3. Mid-Stakes Cash Game Poker
Mid-Stakes includes $1/$2, $2/$4, and $3/$6 blinds. Online, these are the stakes where most of the best players on the site congregate. In fact, the only time most really good player will play higher than mid-stakes, is when there is a known bad player on the table.
For laymen, it's impossible to tell the difference when watching a small-stake or mid-stake game side-by-side. For long-time poker professionals, the difference is usually profound.
The most striking difference that you start seeing at mid-stakes lies in the more nuanced bet sizings. People are a lot more of aware of potentially getting exploited, so they try to optimize their bet size accordingly.
For example, it's not uncommon to still see 3x raises with a steal on the button at 100NL and below. You will almost never see this from a reg at 200NL or higher. They know they can accomplish the same thing by raising to 2.5x or even a min-raise, so why waste the extra money when they fold to a 3-bet?
Tips on Beating the Mid-Stakes
If you want to join the top 2% of poker players and learn to win at mid-stakes be ready to dedicate your life to poker, at least partially, for some time.
The amount of study hours it takes to go from beginner to being able to beat 200NL in the modern game is akin to going from a white belt to black belt in martial arts.
In fact, it actually seems like a pointless exercise for me to give a list of tips in beating this level. This is because it's like trying to explain the universe in one sentence and with 4 examples.
Nevertheless, here are just a few things you must master before even attempting to beat 200NL or higher (on most poker sites):
- Level 3 thinking is the minimum thinking level necessary to compete,
- How to build hand ranges in your head during play and evolve them to fit the changing dynamic as the session progresses.
- Being aware of how opponents might be adjusting their strategy based on you.
- A moderate understanding of balancing and how to avoid being exploited over time if you have out of line frequencies
The point of this article isn't try and give you a guidebook to winning at poker. I understand that many people reading this won't have a clue what I am talking about. That's okay, but you need to be aware of just how big of a chasm there is between the poker mind maturity of a winner at micro-stakes and mid-stakes. A good analogy is for an average chess player to try playing a grandmaster.
How much can a good mid-stakes player expect to win per month?
For most online poker sites, mid-stakes is where you start to see highly skilled players emerging who can make a decent living playing professionally. For example, my win-rate at 200NL was around 8bbs/100 which gave me an approximate hourly rate just under 40/hr while 4-tabling.
4. High Stakes Cash Game Poker
Save for a few wealthy 'whales', most players will never experience what it's like to play for average pots that exceed in excess $1,000 on a regular basis. Enter the high-stakes cash game poker professional.
High stakes poker games online include $5/$10, $10/$20, $25/$50, and $50/$100. While there are quite a few regs that play these stakes, a good number of them also still play mid-stakes as well. It's not uncommon to see a skilled reg playing 400NL, 600NL, 1000NL, and 2000NL in the same session.
Basically, what typical high stakes players do is game select heavily and work hard to ensure that they have an edge in every game they play. In fact, often the skill difference between mid-stakes and high-stakes players mainly lies in their ability to manage their bankrolls and careers a bit better.
Tips on Beating High Stakes
To win long term at high stakes takes a dedication to the game and an ongoing commitment to keeping up to date with the latest strategy. Career management must be strong. Slot ajah.
I am not going to give you a list of tips on beating high stakes. It's actually pretty ridiculous to do so since only 1 in 100,000 players will likely even ever play a session of 1000NL or higher. Personally, I have never played a hand higher than 600NL and am not even qualified anyway.
What I will say, is that once you are beating mid-stakes you will already understand what it takes to at least some degree. Whether you decide to take a shot at high stakes will depend mostly on financial security in taking a shot.
How much can a good high stakes player expect to win per month?
For the few that do make it as a successful high stakes poker player, the amount of money you can win is pretty limitless. Even for part time guys that beat high stakes, 100,000 a year likely feels like the floor for them. Think about it, 100,000 is only 100 buy-ins of $5/$10.
5. The 'Nosebleeds'
Stakes with a buy-in of $20,000 or higher are known as the nosebleeds. One of the most popular stakes for nosebleed players is $200/$400.
Let's get one thing out of the way. Variance is insane at these stakes. Almost no one is actually correctly bankrolled to play the nosebleeds. Conservatively, you really need at least 50 buy-ins to be a regular at any stake. Even for the 'smallest' nosebleed stakes, this is $1,000,000.
If you start talking about $500/$1000 stakes, $5,000,000 feels like a small bankroll when you consider $1,000,000 swings seem to happen almost daily for these players.
Beating the Nosebleeds
The nosebleeds are an interesting phenomenon that reached their height right before the fall of Full Tilt Poker. The volume of hands played at those ridiculously high stakes has never been matched since.
The truth is, it takes a special type of person to play at this level. You have to be a billionaire, a big risk taker, or have a huge ego to even think about taking on the nosebleeds.
Even so, the level of play at the highest levels is actually probably not as good as it is at even mid-stakes. The reason is that most strong poker players will not risk their hard-earned money without having a gigantic edge in the game. That's why you'll often seen players enjoying a higher win-rate at 2000NL or above than they have at 1000NL.
How much can a good nosebleeds player expect to win per month?
Since very very few many people solely play the nosebleeds, it's more of an opportunistic or ego exercise for the majority of the player pool at any given time. Therefore, it's not even worth commenting beyond just saying that fortunes are won and lost weekly and even daily in these games.
Besides, it's really hard to be a regular in those nosebleeds and get enough volume in. Like high stakes, the nosebleeds are more about taking shots for the vast majority of the players.
What Minimum Bankroll Is Needed to Play Each Stake Based on a 100 Big Blind Buy-In?
Assuming that each stake is your regular game and you are not taking shots, you typically want at least 50 buy-ins at a stake. Based on that, here are the bankroll requirements of each stake:
The Stake Levels in Live Poker
This article has mostly been about online poker. So, let's briefly discuss the stakes in live games. Below is a list of the live equivalents in skill level.
Here are the live equivalents to online stakes:
- Micro-Stakes – No such thing since the lowest stake you typically find is 200NL.
- Small Stakes – 200NL, 500NL
- Mid-Stakes – 1000NL, 2000NL, 5000NL
- High Stakes – 10000NL and up
- Nosebleeds – This is more of an online term. A 10k buy-in or higher is called high stakes. 100,000 buy-in is generally the biggest 'regular' game you see. This is the common buy-in we saw in the show 'High Stakes Poker', with $200/$400 blinds.
Keep in mind that you can only 1-table in live poker. This means everyone is presumably able to play their A Game. Also, live recreational players tend to be much worse live. This means 200NL live is like 5NL online. 1000NL or 2000NL live is often like 200NL online. You get the idea.
Final Thoughts
Now you know the differences between all of the stakes, both live and online. You also have some idea of what it takes to become a winner at every level.
If you are interested in taking a step toward building a poker game with a strong foundation, you might be interested in my full poker tutorial.
Thanks for reading!
Related Questions
Who are the most famous high stakes poker players? There are too many to name them all but the most famous high-stakes players of all time include Daniel Negreanu, Phil Ivey, Victor Blum (Isuldur1), Doyle Brunson, Johnny Chan, Phil Galfond, John Juanda, Tom Dwan (Durrr), Doug Polk, and Ben Sulsky (sauce123).
Who is the best online poker player? Based on long-term monetary results the best online player of all time is Phil Ivey. Doug Polk is well-regarded as the best current online poker player.
What are the poker buy-in levels? There are three categories of buy-in levels in poker. Anything above 150 big blinds is generally considered deep-stacked. Anything below 40 big blinds is considered short-stacked. Everything in between is known to be a mid-stack.
Micro Stakes poker, the lowest rung on the online poker ladder but also the most important one to conquer. This is where some of the best poker players started and it is an excellent place to start creating good habits that will carry over once you move on to higher stakes.
With the micro stake Elemental Daily Series finally being introduced, let's take a look at how you can maximize your chance of success.
1. Start really small
Many are surprised by the quality of play in $25 and $50 games online. They shouldn't be though, those players have spent a lot of time studying and improving their game. This is why it's best to start small by playing poker online.
Now, it can be tough getting used to playing for small amounts of money when the entire pot size amounts to less than the cost of a cup of coffee. It can be difficult to focus on making the best play.
But learning to focus despite having minimum impact on your bankroll is one of the most valuable lessons you can learn as a poker player. The idea is that your decision-making process should be not be affected by how much money you'll win or lose—i.e., to become less prone to make emotional decisions.
In contrast, immediately jumping into the $100 games leaves you open to many solid players—some of whom are full-time pros—who have vast amounts of playing experience reinforcing every decision that they make. And every one of those players are keen to pounce on less-experienced newcomers like you.
This advice applies even if you have the theoretical skills to win at higher stakes. The fact is there are many other things to consider when moving up, such as the speed of online poker, and trends that are unique to certain player pools and game types specifically.
The best way to acclimate yourself with these factors is to gain playing experience at lower stakes, and to move up gradually. And I do mean gradually. Remember that getting to the top in poker is a journey, not a sprint.
The overall advantage to starting small with online poker is that you get to move up the limits at a comfortable pace, and develop a foundational skill-set that will help you achieve greater success at higher limits.
Another advantage is that you'll be able to gauge the state of your game. Start at the lowest stake, NL2, and play for a week or two. If you are absolutely crushing that game, then move up to the next limit, NL5, and so on. Eventually you'll discover the limits of your game: strategies that no longer produce the desired results, leaks you probably didn't know you had, etc.
Even our very own Team Hot started small. So, develop a world-class understanding of the fundamental principles of the game and your transition to mid, high and nosebleed stakes will be much smoother.
2. Find your foundation
The micros are the ideal stakes to build your foundational knowledge of the game. And what this really means at the micro stakes is mastering the art of tight and aggressive play, also known as ‘TAG'.
Here's the thing about the lower limits: They are normally filled with beginner-level players who don't have a solid understanding of the game, and don't know why they make certain plays.
In fact, many of the players you will encounter at the micros make decisions based on their gut instinct, or a random 'hunch,' rather than on mathematics or logic. This means that you are going to see some of the craziest plays on earth all the time, such as players cold-calling a 3-bet out of position with a small suited connector.
You would never expect someone to have a 4 in their hand in a 3-bet pot when the flop comes K44. But they can and sometimes will at the micros!
This is why it is important, when you are first starting out, to keep everything as simple as possible and to be very selective about what hands you play.
What does this actually mean in practice?
Well, if you are playing in a 6-max game, it would be advisable that you play no more than the top 20% of your hands unless you're on the button or in the blinds.
Here is a visual idea of what the top 20% of hands might look like:By keeping your standards high like this you will prevent yourself from getting into too many difficult marginal situations against unpredictable players.
Furthermore, it is important to play these hands aggressively. This means that you should be entering the pot with a raise, and sometimes re-raising with the top end of these ranges.
After the flop, you should be betting for value frequently, and making plenty of semi-bluffs if you catch any piece of the board.
Generally, by playing a solid TAG strategy you will give yourself the best chance of success at the lower limits while keeping yourself out of awkward and potentially tilting situations.
3. Keep it simple and profit more
One of the biggest mistakes players make in these games is over-thinking common situations. They even have a name for this: 'fancy play syndrome' (FPS). And it means death for your win-rate at the micros.
You have to remember that most of your opponents at these stakes are relatively new to the game. Some of them are just recreational players–aka 'fun players'–who have little rhyme or reason for the decisions they make.
If you try some advanced river check/raise bluff against one of these fun players because you saw a high stakes pro do it on TV, you are setting yourself up for disaster.
Online Poker Micro Stakes .05/.1 Win Rates
The problem is that most of the time, your high-level fancy play is going to go right over their heads, and they are just going to call you down with their middle or top pair, anyway.
You also need to remember that at micro stakes, you are playing for amounts of money that doesn't really matter that much to most people. This is especially true at the $10 and below games.
It is really hard to raise somebody the price of a Big Mac and make them lay a decent hand down. It's just not scary enough to them. They are going to get curious and look you up.
So, one of the best things you can do at the micros is just keep everything as stupidly and mind-numbingly simple as possible.
And yes, it can be boring when you haven't made a hand in an hour and you just want to make something happen.
But save it for the higher limit games, especially where the money is actually meaningful to most people. The only way to crush the cheeseburger stakes is by keeping everything as simple as possible.
4. Fast-play most of your strong hands
Crush Micro Stakes Online Poker
The overwhelming majority of micro-stakes players are way too passive. This means you won't win a big pot by trying to trap them—you have to build the pot yourself.
So, when you pick up your over pair, top pair, or any other strong hand, you need to keep betting at the pot until you have a clear reason to slow down.
The key thing to remember about the passive, recreational players is that they hate folding and love calling. In fact, one of the greatest thrills for recreational players is to catch you in a big bluff.
They are also highly superstitious players who hold a deep belief that everyone is always trying to bluff them.
So how do you profitably counter someone who thinks like this? Answer: You bet big, and frequently, with all of your good hands. And you lay off on the big bluffs in all but the best of spots.
Final Thoughts on the Micro Stakes
Don't be so serious.The last and most important way to start crushing the micros is to remember why you started playing poker in the first place: to have fun!
Many often tend to get way too serious at the poker tables especially when things aren't going their way. It is important to remember that at the end of the day this is just a game. The whole point is to enjoy yourself.
Micro stakes games in particular are pure madness. As mentioned earlier, this is where you are going to find some of the craziest players on earth.
You are going to face a countless and never-ending amount of bad beats at these stakes. But these crazy players play so bad, this is also why your win-rates can be so insanely high at these stakes. In fact at the very lowest limits variance can almost be removed from the game.
One of the best things that you can do for your game is to learn to start simply laughing it off more often and quit obsessing over your day to day results.
If you choose to get frustrated or angry over every ridiculous river card that they hit, then you are simply going to be miserable most of the time, and probably tilt and play bad too.
This in turn will make you less likely to want to grind hard and improve your game, which are both absolutely crucial to your success.
You simply have to embrace the madness that is micro stakes poker.
It does not take a ton of skill to win at the micro-stakes. In fact, the winners are usually just the ones who are making the least mistakes. Here are a few tips:
- Play a lot of hands in position and very few out of position in order to capitalize on the fit-or-fold nature of many micro-stakes players. Acting last also gives you the ability to realize equity with a lot of your marginal hands
- Include holdings that can make the nuts or dominate your opponent when you build your pre-flop hand ranges. Making flush over flush or out-kicking your opponents is where a lot of the big pots are won at the micros.
- Throw out the call button and instead focus more on value betting and bet-folding your medium strength hands. Continuing with marginal top pairs by check-calling is a recipe for disaster against loose-passive opponents.
How much can a good micro-stakes player expect to win per month?
How much can be made at the micros is really irrelevant. You should not be looking to play at penny stakes more than just a few weeks or months while you learn the game.
Even so, there are quite a lot of players who are full-time regs at either 10NL or 25NL. Even with mass-tabling and uber rewards, it's hard to make more than $8 an hour doing this.
My advice is that if you don't have aspirations to be a poker 'star' and are okay just making a few hundred every month playing poker, then work hard on your game and learn to beat at least 50NL.
50NL players are not that much tougher to beat than 25NL regs, so you owe it to yourself to study hard enough to at least break into the lowest level of small stakes.
2. Small-Stakes Cash Game Poker
Small stakes games include just two stakes, $0.25/$0.50 and $0.50/$1.00. This is where you first start seeing a large number of full-time or part-time pros eeking out a marginal living in poker. It's not uncommon to find players who have been 50NL or 100NL players for several years.
The quality of small-stakes games can vary widely from poker site to poker site. For example, on America's Cardroom small stakes are very difficult to beat except for even the most dedicated players. The level of play that was once only common at 200NL or 400NL is now seen on numerous tables daily on ACR.
On the other hand, softer sites like Ignition poker have soft enough small stakes games that even newer players have a chance of winning. I would say that 100NL on Ignition is comparable to 25NL on ACR. There are more rewards on the latter, which does narrow the gap a bit. Even so, it's always much better to play the higher stake then rely on being a 'rakeback pro.'
Tips on Beating Small Stakes
To beat small stakes, you need to have more than just a basic 'tight is right' strategy. You have to also have at least a rudimentary understanding of some advanced topics that include:
- Equity and SPR and how those concepts are implemented in order to maximize profit versus a wide variety of opponents.
- Game selection and profiling opponents.
- The ability to use a HUD effectively, if applicable, in order to glean the information necessary to interpret the tendencies of opponents.
Beyond these factors, you will need to be able to think on level two and have an elementary understanding of gameflow and table dynamics. Small stakes is all about playing exploitative poker.
How much can a good small-stakes player expect to win per month?
High volume small-stakes player with a reasonably high win-rate of 4bb/100 or high can expect to make anywhere from $15 to $25 an hour. It would not be unheard of to make between $2,500 and $5,000 a month, once rewards are figured in. Even part-time winners at 50NL can expect to make around $1,000 per month.
There actually are well-documented cases of 100NL professionals making over $10,000 a month after rakeback and rewards. This is mainly associated with Pokerstars in the 'old' days and on the Winning Poker Network now, with the Beast promotion. This is more the exception than the rule though.
3. Mid-Stakes Cash Game Poker
Mid-Stakes includes $1/$2, $2/$4, and $3/$6 blinds. Online, these are the stakes where most of the best players on the site congregate. In fact, the only time most really good player will play higher than mid-stakes, is when there is a known bad player on the table.
For laymen, it's impossible to tell the difference when watching a small-stake or mid-stake game side-by-side. For long-time poker professionals, the difference is usually profound.
The most striking difference that you start seeing at mid-stakes lies in the more nuanced bet sizings. People are a lot more of aware of potentially getting exploited, so they try to optimize their bet size accordingly.
For example, it's not uncommon to still see 3x raises with a steal on the button at 100NL and below. You will almost never see this from a reg at 200NL or higher. They know they can accomplish the same thing by raising to 2.5x or even a min-raise, so why waste the extra money when they fold to a 3-bet?
Tips on Beating the Mid-Stakes
If you want to join the top 2% of poker players and learn to win at mid-stakes be ready to dedicate your life to poker, at least partially, for some time.
The amount of study hours it takes to go from beginner to being able to beat 200NL in the modern game is akin to going from a white belt to black belt in martial arts.
In fact, it actually seems like a pointless exercise for me to give a list of tips in beating this level. This is because it's like trying to explain the universe in one sentence and with 4 examples.
Nevertheless, here are just a few things you must master before even attempting to beat 200NL or higher (on most poker sites):
- Level 3 thinking is the minimum thinking level necessary to compete,
- How to build hand ranges in your head during play and evolve them to fit the changing dynamic as the session progresses.
- Being aware of how opponents might be adjusting their strategy based on you.
- A moderate understanding of balancing and how to avoid being exploited over time if you have out of line frequencies
The point of this article isn't try and give you a guidebook to winning at poker. I understand that many people reading this won't have a clue what I am talking about. That's okay, but you need to be aware of just how big of a chasm there is between the poker mind maturity of a winner at micro-stakes and mid-stakes. A good analogy is for an average chess player to try playing a grandmaster.
How much can a good mid-stakes player expect to win per month?
For most online poker sites, mid-stakes is where you start to see highly skilled players emerging who can make a decent living playing professionally. For example, my win-rate at 200NL was around 8bbs/100 which gave me an approximate hourly rate just under 40/hr while 4-tabling.
4. High Stakes Cash Game Poker
Save for a few wealthy 'whales', most players will never experience what it's like to play for average pots that exceed in excess $1,000 on a regular basis. Enter the high-stakes cash game poker professional.
High stakes poker games online include $5/$10, $10/$20, $25/$50, and $50/$100. While there are quite a few regs that play these stakes, a good number of them also still play mid-stakes as well. It's not uncommon to see a skilled reg playing 400NL, 600NL, 1000NL, and 2000NL in the same session.
Basically, what typical high stakes players do is game select heavily and work hard to ensure that they have an edge in every game they play. In fact, often the skill difference between mid-stakes and high-stakes players mainly lies in their ability to manage their bankrolls and careers a bit better.
Tips on Beating High Stakes
To win long term at high stakes takes a dedication to the game and an ongoing commitment to keeping up to date with the latest strategy. Career management must be strong. Slot ajah.
I am not going to give you a list of tips on beating high stakes. It's actually pretty ridiculous to do so since only 1 in 100,000 players will likely even ever play a session of 1000NL or higher. Personally, I have never played a hand higher than 600NL and am not even qualified anyway.
What I will say, is that once you are beating mid-stakes you will already understand what it takes to at least some degree. Whether you decide to take a shot at high stakes will depend mostly on financial security in taking a shot.
How much can a good high stakes player expect to win per month?
For the few that do make it as a successful high stakes poker player, the amount of money you can win is pretty limitless. Even for part time guys that beat high stakes, 100,000 a year likely feels like the floor for them. Think about it, 100,000 is only 100 buy-ins of $5/$10.
5. The 'Nosebleeds'
Stakes with a buy-in of $20,000 or higher are known as the nosebleeds. One of the most popular stakes for nosebleed players is $200/$400.
Let's get one thing out of the way. Variance is insane at these stakes. Almost no one is actually correctly bankrolled to play the nosebleeds. Conservatively, you really need at least 50 buy-ins to be a regular at any stake. Even for the 'smallest' nosebleed stakes, this is $1,000,000.
If you start talking about $500/$1000 stakes, $5,000,000 feels like a small bankroll when you consider $1,000,000 swings seem to happen almost daily for these players.
Beating the Nosebleeds
The nosebleeds are an interesting phenomenon that reached their height right before the fall of Full Tilt Poker. The volume of hands played at those ridiculously high stakes has never been matched since.
The truth is, it takes a special type of person to play at this level. You have to be a billionaire, a big risk taker, or have a huge ego to even think about taking on the nosebleeds.
Even so, the level of play at the highest levels is actually probably not as good as it is at even mid-stakes. The reason is that most strong poker players will not risk their hard-earned money without having a gigantic edge in the game. That's why you'll often seen players enjoying a higher win-rate at 2000NL or above than they have at 1000NL.
How much can a good nosebleeds player expect to win per month?
Since very very few many people solely play the nosebleeds, it's more of an opportunistic or ego exercise for the majority of the player pool at any given time. Therefore, it's not even worth commenting beyond just saying that fortunes are won and lost weekly and even daily in these games.
Besides, it's really hard to be a regular in those nosebleeds and get enough volume in. Like high stakes, the nosebleeds are more about taking shots for the vast majority of the players.
What Minimum Bankroll Is Needed to Play Each Stake Based on a 100 Big Blind Buy-In?
Assuming that each stake is your regular game and you are not taking shots, you typically want at least 50 buy-ins at a stake. Based on that, here are the bankroll requirements of each stake:
The Stake Levels in Live Poker
This article has mostly been about online poker. So, let's briefly discuss the stakes in live games. Below is a list of the live equivalents in skill level.
Here are the live equivalents to online stakes:
- Micro-Stakes – No such thing since the lowest stake you typically find is 200NL.
- Small Stakes – 200NL, 500NL
- Mid-Stakes – 1000NL, 2000NL, 5000NL
- High Stakes – 10000NL and up
- Nosebleeds – This is more of an online term. A 10k buy-in or higher is called high stakes. 100,000 buy-in is generally the biggest 'regular' game you see. This is the common buy-in we saw in the show 'High Stakes Poker', with $200/$400 blinds.
Keep in mind that you can only 1-table in live poker. This means everyone is presumably able to play their A Game. Also, live recreational players tend to be much worse live. This means 200NL live is like 5NL online. 1000NL or 2000NL live is often like 200NL online. You get the idea.
Final Thoughts
Now you know the differences between all of the stakes, both live and online. You also have some idea of what it takes to become a winner at every level.
If you are interested in taking a step toward building a poker game with a strong foundation, you might be interested in my full poker tutorial.
Thanks for reading!
Related Questions
Who are the most famous high stakes poker players? There are too many to name them all but the most famous high-stakes players of all time include Daniel Negreanu, Phil Ivey, Victor Blum (Isuldur1), Doyle Brunson, Johnny Chan, Phil Galfond, John Juanda, Tom Dwan (Durrr), Doug Polk, and Ben Sulsky (sauce123).
Who is the best online poker player? Based on long-term monetary results the best online player of all time is Phil Ivey. Doug Polk is well-regarded as the best current online poker player.
What are the poker buy-in levels? There are three categories of buy-in levels in poker. Anything above 150 big blinds is generally considered deep-stacked. Anything below 40 big blinds is considered short-stacked. Everything in between is known to be a mid-stack.
Micro Stakes poker, the lowest rung on the online poker ladder but also the most important one to conquer. This is where some of the best poker players started and it is an excellent place to start creating good habits that will carry over once you move on to higher stakes.
With the micro stake Elemental Daily Series finally being introduced, let's take a look at how you can maximize your chance of success.
1. Start really small
Many are surprised by the quality of play in $25 and $50 games online. They shouldn't be though, those players have spent a lot of time studying and improving their game. This is why it's best to start small by playing poker online.
Now, it can be tough getting used to playing for small amounts of money when the entire pot size amounts to less than the cost of a cup of coffee. It can be difficult to focus on making the best play.
But learning to focus despite having minimum impact on your bankroll is one of the most valuable lessons you can learn as a poker player. The idea is that your decision-making process should be not be affected by how much money you'll win or lose—i.e., to become less prone to make emotional decisions.
In contrast, immediately jumping into the $100 games leaves you open to many solid players—some of whom are full-time pros—who have vast amounts of playing experience reinforcing every decision that they make. And every one of those players are keen to pounce on less-experienced newcomers like you.
This advice applies even if you have the theoretical skills to win at higher stakes. The fact is there are many other things to consider when moving up, such as the speed of online poker, and trends that are unique to certain player pools and game types specifically.
The best way to acclimate yourself with these factors is to gain playing experience at lower stakes, and to move up gradually. And I do mean gradually. Remember that getting to the top in poker is a journey, not a sprint.
The overall advantage to starting small with online poker is that you get to move up the limits at a comfortable pace, and develop a foundational skill-set that will help you achieve greater success at higher limits.
Another advantage is that you'll be able to gauge the state of your game. Start at the lowest stake, NL2, and play for a week or two. If you are absolutely crushing that game, then move up to the next limit, NL5, and so on. Eventually you'll discover the limits of your game: strategies that no longer produce the desired results, leaks you probably didn't know you had, etc.
Even our very own Team Hot started small. So, develop a world-class understanding of the fundamental principles of the game and your transition to mid, high and nosebleed stakes will be much smoother.
2. Find your foundation
The micros are the ideal stakes to build your foundational knowledge of the game. And what this really means at the micro stakes is mastering the art of tight and aggressive play, also known as ‘TAG'.
Here's the thing about the lower limits: They are normally filled with beginner-level players who don't have a solid understanding of the game, and don't know why they make certain plays.
In fact, many of the players you will encounter at the micros make decisions based on their gut instinct, or a random 'hunch,' rather than on mathematics or logic. This means that you are going to see some of the craziest plays on earth all the time, such as players cold-calling a 3-bet out of position with a small suited connector.
You would never expect someone to have a 4 in their hand in a 3-bet pot when the flop comes K44. But they can and sometimes will at the micros!
This is why it is important, when you are first starting out, to keep everything as simple as possible and to be very selective about what hands you play.
What does this actually mean in practice?
Well, if you are playing in a 6-max game, it would be advisable that you play no more than the top 20% of your hands unless you're on the button or in the blinds.
Here is a visual idea of what the top 20% of hands might look like:By keeping your standards high like this you will prevent yourself from getting into too many difficult marginal situations against unpredictable players.
Furthermore, it is important to play these hands aggressively. This means that you should be entering the pot with a raise, and sometimes re-raising with the top end of these ranges.
After the flop, you should be betting for value frequently, and making plenty of semi-bluffs if you catch any piece of the board.
Generally, by playing a solid TAG strategy you will give yourself the best chance of success at the lower limits while keeping yourself out of awkward and potentially tilting situations.
3. Keep it simple and profit more
One of the biggest mistakes players make in these games is over-thinking common situations. They even have a name for this: 'fancy play syndrome' (FPS). And it means death for your win-rate at the micros.
You have to remember that most of your opponents at these stakes are relatively new to the game. Some of them are just recreational players–aka 'fun players'–who have little rhyme or reason for the decisions they make.
If you try some advanced river check/raise bluff against one of these fun players because you saw a high stakes pro do it on TV, you are setting yourself up for disaster.
Online Poker Micro Stakes .05/.1 Win Rates
The problem is that most of the time, your high-level fancy play is going to go right over their heads, and they are just going to call you down with their middle or top pair, anyway.
You also need to remember that at micro stakes, you are playing for amounts of money that doesn't really matter that much to most people. This is especially true at the $10 and below games.
It is really hard to raise somebody the price of a Big Mac and make them lay a decent hand down. It's just not scary enough to them. They are going to get curious and look you up.
So, one of the best things you can do at the micros is just keep everything as stupidly and mind-numbingly simple as possible.
And yes, it can be boring when you haven't made a hand in an hour and you just want to make something happen.
But save it for the higher limit games, especially where the money is actually meaningful to most people. The only way to crush the cheeseburger stakes is by keeping everything as simple as possible.
4. Fast-play most of your strong hands
Crush Micro Stakes Online Poker
The overwhelming majority of micro-stakes players are way too passive. This means you won't win a big pot by trying to trap them—you have to build the pot yourself.
So, when you pick up your over pair, top pair, or any other strong hand, you need to keep betting at the pot until you have a clear reason to slow down.
The key thing to remember about the passive, recreational players is that they hate folding and love calling. In fact, one of the greatest thrills for recreational players is to catch you in a big bluff.
They are also highly superstitious players who hold a deep belief that everyone is always trying to bluff them.
So how do you profitably counter someone who thinks like this? Answer: You bet big, and frequently, with all of your good hands. And you lay off on the big bluffs in all but the best of spots.
Final Thoughts on the Micro Stakes
Don't be so serious.The last and most important way to start crushing the micros is to remember why you started playing poker in the first place: to have fun!
Many often tend to get way too serious at the poker tables especially when things aren't going their way. It is important to remember that at the end of the day this is just a game. The whole point is to enjoy yourself.
Micro stakes games in particular are pure madness. As mentioned earlier, this is where you are going to find some of the craziest players on earth.
You are going to face a countless and never-ending amount of bad beats at these stakes. But these crazy players play so bad, this is also why your win-rates can be so insanely high at these stakes. In fact at the very lowest limits variance can almost be removed from the game.
One of the best things that you can do for your game is to learn to start simply laughing it off more often and quit obsessing over your day to day results.
If you choose to get frustrated or angry over every ridiculous river card that they hit, then you are simply going to be miserable most of the time, and probably tilt and play bad too.
This in turn will make you less likely to want to grind hard and improve your game, which are both absolutely crucial to your success.
You simply have to embrace the madness that is micro stakes poker.
The vast world of micro stakes poker tournament is where you are going to develop the fundamentals and work ethic necessary to take you to the very pinnacle of this game.
Breathe in the bad beats and exhale them with a smile.
And the bottom line is that if you consistently use a solid strategy against bad poker players, the chips are all coming your way in the end anyways.
Natural8 offers a whole variety of Micro-Stakes tournaments through the Elemental Daily Series. Buy-ins start from $0.30 and tournaments are scheduled to run every 30 minutes. This would be a good place to start your Micro-stakes journey.
Related: Understanding Tournament Overlays
